Wind Energy – Morecambe
Copenhagen Infrastructure Partners (CIP), has signed a transaction to acquire the full ownership of offshore wind project Morecambe from COBRA Group, and Flotation Energy, owned by TEPCO Renewable Power.
Closing of the transaction will follow customary approvals and conditions being met. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved after the transaction as a development partner to the project.
Morecambe is a 480MW fixed bottom offshore wind project located 30km from the Lancashire coast in the Eastern Irish Sea. The project lease was secured in the UK Offshore Wind Leasing Round 4 in 2021, and consent applications have been submitted.
